Velvet Capital, a Binance-backed defi protocol, experiences front-end attack.

The team behind protocol X posted an update on April 23, explaining that the protocol’s website experienced a front-end attack. This allowed malicious individuals to take advantage of vulnerabilities, potentially leading to user data compromise or unauthorized actions on the platform. Although the specific details of the attack are still unclear, the team promptly identified the issue and conducted an investigation with security researchers.

They are currently working on fixing the problem. It was mentioned that the protocol’s smart contracts remain unaffected, and the issue was isolated to the front-end. As a precaution, users are advised not to interact with the website at this time.